Section 255 does not apply—
(a) if the betting is conducted under any of the following Acts—(i) the Casino Control Act 1982 ;(ii) the Charitable and Non-Profit Gaming Act 1999 ;(iii) the Gaming Machine Act 1991 ;(iv) the Interactive Gambling (Player Protection) Act 1998 ;(v) the Keno Act 1996 ;(vi) the Lotteries Act 1997 ;(vii) the Wagering Act 1998 ; or
(b) to a subscription or contribution, or agreement to subscribe or contribute, for or to a prize, trophy or amount to be awarded to the winner of a lawful game, sport, pastime or exercise or to a person who receives or holds the subscription or contribution for that purpose.